Puravankara Limited has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The company confirmed the transaction through an exchange filing, and the project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor.
The land parcel sits in a well-connected pocket of South-East Bengaluru. Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road. It also enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers.
Commenting on the deal, Ashish Puravankara, Managing Director, said: "Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors. As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders."
The Sarjapur addition is part of a broader run of land deals this quarter. Mallanna Sasalu, CEO, Puravankara Limited, said: "The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru." He added that in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company's strong business development momentum, with these deals together spanning approximately 41.93 acres, a cumulative development potential of around 4.23 msft, and a total estimated GDV of Rs 5,200 crore.
This latest transaction also strengthens Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore. The deal follows a pattern seen across Puravankara's recent Bengaluru strategy, where the JDA structure is capital-efficient by design, letting Puravankara avoid a large upfront land acquisition cost and instead share development economics with the landowner, preserving balance sheet liquidity while scaling its project pipeline.
For homebuyers tracking the Sarjapur-Kaggalipura belt, the entry of a listed, established developer is a notable signal. Sarjapur represents a micro-market where strong end-user demand, improving connectivity, and limited branded supply create a compelling opportunity for value creation. Industry observers note that Bengaluru's Sarjapur area, where high-quality, branded developers are hard to find, gives entrants like Puravankara a head start to command better prices and sell faster.
On the back of this news, market sentiment around the stock also turned positive, with Puravankara shares trading at ₹216.60, up ₹3.63 or 1.70%, as of 10:16 IST on June 29, 2026. While no launch date, pricing, or RERA number has been announced yet for the Sarjapur-Kaggalipura project, the JDA marks the formal first step, with construction and sales details expected to follow as approvals progress. Homebuyers interested in this corridor should watch for official RERA registration and launch announcements from Puravankara in the coming quarters.
